5 Amendments of Vicky FORD related to 2012/2115(INI)
Amendment 70 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that some SB activities and entities may be either regulated or unregulated depending on the country; notes further that the financial interdependence between the banking sector and shadow banking entities ican be excessive; notes cfurrently excessivther that supervision is only as good as underlying legislation and vice versa and underlines the danger of supervisory and /or legislative arbitrage;
Amendment 80 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Stresses thatTakes note of the reports of the Committee on Economic and Monetary Affairs on CRD IV2 , currently being discussed with the Council, represent an important step in tackling shadow banking in a positive way by imposingwhich propose the imposition of capital treatment of liquidity lines to structured investment vehicles and conduits, and by setting the large exposure limit of 25% of own funds forto all unregulated entitiesexposures to such entities; recognises that the latter proposal needs further consideration given the serious impacts this could have on funding of the real economy, for example in vehicle finance;
Amendment 81 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Notes that one of the lessons of the financial crisis is that whereas there is normally a clear distinction between insurance risk and credit risk, the distinction may be less clear in, for example, credit insurance products; invites the Commission to review legislation covering banking, insurance and in particular financial conglomerates with a view to ensuring a level playing field between banks and insurance companies and preventing regulatory and/or supervisory arbitrage;
Amendment 85 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes further that the proposed extension of CRD IV to non-deposit- capital requirements, bank-type regulation and supervision to certaking non- bank finance companies not covered by the definition in the Capital Requirements Regulation (CRR) is necessaryand securities dealers that are financed materially by short-term debt and that are not covered by the definition in the Capital Requirements Regulation (CRR) needs careful consideration; believes that firms taking similar risks should be regulated in similar manner but also recognises the need to ensure that there is not a disproportionate impact on non-lending investment firms which may be better regulated through legislation relating to investment firms than as credit insititutions;
Amendment 111 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Believes that incentives associated with securitisation need to be adequately addressed; invites the Commission to examine the securitisation market and, including a review of covered bonds which can increase risks on banks' balance sheets; invites the Commission to submit a legislative proposal at the latest by the beginning of 2013 for limiting the number of times a financial product can be securitised; calls on it to impose particular requirements on suppliers of securitisation (e.g. originators or sponsors) to retain part of the risks associated with securitisation and of measures to achieve transparency, by the introduction of an external valuer of the underlying assets and standardisation of securitisation products as well as resolution processes;